Lebron Watch: Sooo King James is Now a Free Agent???

LeBron James will bypass his $21.6 million player option with the Cleveland Cavaliers and become a free agent on July 1, sources told ESPN.com.

The move, which was expected, marks the third time in the past six years that James will be an unrestricted free agent. This time is expected to have a different outcome, as James intends to re-sign with his current team, sources said.

LeBron James is opting out but intends to re-sign with the Cavs, sources told ESPN. Ezra Shaw/Getty Images

Last week, Cavs general manager David Griffin said the team had been in regular contact with James since the end of the Finals and that he was “very engaged” in discussions about the…